Reply #29: If the holdings were listed by company names, the stock performances [View All]

[ladjf]

as shown on Madoff's reports could have been cross-checked with the published performances of the listed companies. Say the client's portfolio included shares of twenty different companies, each of those companies annual performances would have been public record and would have shown a discrepancy with Madoff's reports.

However, he might not have listed the names of the stocks. In that case the Madoff reports would have been invalid just by the obvious omission of product names.